A review of the sales,costs,and profit projections for a new product to find out whether they satisfy the company's objectives is called a .
A)business feasibility plan
B)product acceptance
C)business analysis
D)marketing strategy development
E)proposal

Question

Quizplus · Accepted Answer

A review of sales, costs, and profit projections to determine if they meet company objectives is known as a business analysis. A business feasibility plan is a more comprehensive look at the potential success of a business idea, including market research and financial projections. Product acceptance refers to the level of consumer demand for the product, rather than the company's internal projections. Marketing strategy development is the process of creating a plan to promote and sell the product, which comes after the business analysis has been completed. A proposal is a formal document used to persuade others to take a specific action, such as funding a project.

A Review of the Sales,costs,and Profit Projections for a New